Founded in 2005, S&R Associates is a well-regarded firm with offices in New Delhi and Mumbai. Key figures at the firm include partners Rajat Sethi and Sandip Bhagat.
Focusses / specialisms
The firm has a record advising on landmark capital markets mandates and is known as a market leader in capital markets. It advises on matters such as IPOs, listings, delistings, buybacks, QIPs, rights issues and private placements.
The corporate team has experience in buy and sell-side roles in sectors such as telecommunications, healthcare, transport, media, and manufacturing. The firm is also active in the private equity space, acting for both investors and investees across a range of industries.
In restructuring, the firm has experience acting for stakeholders including financial and operational creditors, acquirers, bondholders, shareholders and distressed asset investors.
Key clients
Noteworthy clients include Morgan Stanley, Vodafone Group, Citigroup Global Markets, ArcelorMittal, Hitachi, Aakash Educational Services and McDonald’s Corporation.
Client feedback: 31st edition (2020/2021)
Capital markets
"The firm was professional, adequately staffed, timely specific inputs were provided for the deal to go through."
"SNR is very through and professional in their work and extremely dependable. Their value addition in terms of diligence points and ability to come up with possible solutions to resolve the same is definitely very positive to the entire team."
M&A
"Highly competent team on M&A and corporate restructuring."
"Superb partner contact and low leverage in its teams. Good ownership by associates and pragmatic approach to drafting and technical issues."
"The associates and partners in the firm possess extremely relevant experience and knowledge skills sets. The firm is very agile in its working and has a very professional approach towards its clients."
Private equity
"Very good at: legal structure, negotiations, reaching agreement with PE while still keeping our interests in mind. Legal drafting Responsiveness. Communication. Regulatory knowledge and experience."
